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  • #298,761
  • Sep 30, 2010 4:53am Sep 30, 2010 4:53am
Quoting Pipnel

If we can get past 1.35964, then 1.37125 or even 1.39165 might be on the way.
IMO Trends DO exist (Just look at a monthly chart). They are established by central banks monetary policies and conducted by Open Market Operations (OMO). Big players just follow them and benefit from most retail traders who fight them.
"In economics, the majority is always wrong." John Kenneth Galbraith
  • #298,762
  • Sep 30, 2010 4:54am Sep 30, 2010 4:54am
Quoting T@rantula
hehe i was joking
what caused the spike, I missed it
  • #298,763
  • Sep 30, 2010 4:54am Sep 30, 2010 4:54am
Quoting Icannaesee
Hi I went short with a really tight stop loss at 1.36296....
dump the 1 min charts..
  • #298,764
  • Sep 30, 2010 4:54am Sep 30, 2010 4:54am
Quoting Robby
You will haft to wait until your in the settling up part going into NFP before the market will start heading down...right now this is stop running were they are clearing out the market for NFP tomorrow. So the market can be moved tomorrow...

no NFP tomorrow. next friday
  • #298,765
  • Sep 30, 2010 4:54am Sep 30, 2010 4:54am
Screw the news, it is for long-term trading and its not so important for intra-day (especially rating downgrades.. are you kidding? rating agencies lag by weeks if not months). Better check tech levels and volumes (if you have the data). I.e. now the struggle is to answer 'will we close above or under 1.3645-1.3655'?
  • #298,766
  • Sep 30, 2010 4:55am Sep 30, 2010 4:55am
Quoting Munal
Shorted EU risking todays 51 pips gain + 50 pips from pocket to get 1.334X....
EURO ZONE REPORT COULD HELP ME TO GET THIS
it was a CUP.. u wanna go back to the cup?
  • #298,767
  • Sep 30, 2010 4:56am Sep 30, 2010 4:56am
Quoting hyh
Screw the news, it is for long-term trading and its not so important for intra-day (especially rating downgrades.. are you kidding? rating agencies lag by weeks if not months). Better check tech levels and volumes (if you have the data). I.e. now the struggle is to answer 'will we close above or under 1.3645-1.3655'?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #298,768
  • Sep 30, 2010 4:56am Sep 30, 2010 4:56am
Quoting uraceulose
closed @ 3658...R1 for me
  • #298,769
  • Sep 30, 2010 4:56am Sep 30, 2010 4:56am
So if you are following monthly trendlines why are you looking for longs instead of shorts (as the monthly and above are the only ones still in a downtrend).

sisse


Quoting Pipnel
IMO Trends DO exist (Just look at a monthly chart). They are established by central banks monetary policies and conducted by Open Market Operations (OMO). Big players just follow them and benefit from most retail traders who fight them.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #298,770
  • Sep 30, 2010 4:56am Sep 30, 2010 4:56am
Quoting uraceulose
dump the 1 min charts..
one of the smartest things posted on this thread...
Look Sharp/Trade Tight
  • #298,771
  • Sep 30, 2010 4:57am Sep 30, 2010 4:57am
option barriers have fallen reports IFR MArkets (oanda's news provider)

Anybody know how and where could we see options expirations?

I think would be good to include that in trading strategy
  • #298,772
  • Sep 30, 2010 4:57am Sep 30, 2010 4:57am
Quoting uraceulose
dump the 1 min charts..
They are good add-on if aware of big picture. Brings accuracy.
Alone used are suicide.
They think they are smarter than I am.
  • #298,773
  • Sep 30, 2010 4:57am Sep 30, 2010 4:57am
here is what triggered the move:

The announcements made on the total cost bailing out Anglo (and further capital injections into other Irish banks) are broadly in line with the stories circulating in yesterday’s media reports (and better than some of the numbers that were being suggested before that). The government also announced that there will be no new bond issuance this year – it will tap its (substantial) liquidity reserves instead – and that it would accelerate the planned speed of tightening in the 2011 budget.
Everyone has a plan 'till they get punched in the mouth.
  • #298,774
  • Sep 30, 2010 4:57am Sep 30, 2010 4:57am
Quoting Monmak
Can somebody please tell me why ?
it usually follows the dpp's to a degree...see how it broke through the dpp the downside, stoped at S1, turned back up and through, came down for a brief retest, then right on up to R1?
  • #298,775
  • Sep 30, 2010 4:58am Sep 30, 2010 4:58am
Quoting sisse
What are you talking about there have been big news in the last few hours. Dont confuse reports with news. At least open FT, bloomberg, WSJ or Reuters at least to keep up with the market.





IMO, is not buying but selling but we'll see

sisse
Yeah i sort of agree with yah there mate, but the question is if the way of thinking that you are using can handle that kind of things or not, on a purely technical way. That actually didnt look like run of the mill news to me, news is pretty undecisive, thats was just one big order. It could of course have been placed on account of some report or other.

I mean if you sit all day hunting for reports, scouring the net for any little piece of info, by the time you incorporate that into youre analysis, things have already happend.

That sort of thing is perhaps productive for say a hedgefund that trades short and long term, 2 guys on the report hunt, 2 on laying short time frame orders, 2 on long term analysis, one on placing long term orders, one to carry through a certain logic through it all or something like that. As a lone gunman i dont think its wise to try to scour al sources of info, you just dont have the time.

But it all depends on what TF you are staring at i think. I mean at D1 its perhaps not productive to care about some little 50 pip oscilation of price, you couldnt care less. At M1 that oscilation is turned into a massive friggin wall being errected in youre face in an instant.



I of course dont know what i am talking about, if i knew these things for a fact and actually said them, i could be prosecuted i am sure. So dont take this seriously at all.
My signature is: "Classified".
  • #298,776
  • Sep 30, 2010 4:58am Sep 30, 2010 4:58am
Another hot leg up like that today and U/J will be sniffing around the (previous) intervention level. End of month, too - New York is going to be interesting.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #298,777
  • Sep 30, 2010 5:00am Sep 30, 2010 5:00am
Quoting digictron
what caused the spike, I missed it
my charts showed 3630 in late asia session. I stated if the EU sustains above 3626 we can move to 3672...while i was typing the message, the spike was sudden.

It could be an impulse buying on bullish s/r level as EU is clearly bullish
  • #298,778
  • Sep 30, 2010 5:00am Sep 30, 2010 5:00am
lol, ignorance and arrogance ... a nuclear cocktail for trading.

IMO, there is not a right or wrong approach in trading... whatever works for you but if you cant recognize that traders can be successful in a way you don't understand it only show you limited framework.

In any case good luck in your trading.

sisse


Quoting hyh
Screw the news, it is for long-term trading and its not so important for intra-day (especially rating downgrades.. are you kidding? rating agencies lag by weeks if not months). Better check tech levels and volumes (if you have the data). I.e. now the struggle is to answer 'will we close above or under 1.3645-1.3655'?
Pending conversations? PM for a chat...I am mainly in OTM now
  • #298,779
  • Sep 30, 2010 5:00am Sep 30, 2010 5:00am
Quoting leeon
here is what triggered the move:

that's old news. You can not be sure in this case what really happened. ACB's have been rumored to be buying euros all up this rally - maybe one of them took a bite.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #298,780
  • Sep 30, 2010 5:01am Sep 30, 2010 5:01am
Quoting kuroro001
If by any chance bears control this hour, 20mn to go, and make it close in the red, then i'll short for 1,3580 as tp, otherwise i don't touch it yet
not much loss of momentum on the 30min, looks a litle tired. Dont let me trade for the rest of the day....
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